Showing posts with label Startups. Show all posts
Showing posts with label Startups. Show all posts

Saturday, May 23, 2009

Congratulations to Atlassian on reaching $100 million

These are tough times and when you read of someone who is doing well you want to cheer. Atlassian is a software company which just hit $100 million in revenues - which they posted on their blog. They also talk about the transition from a startup to a medium sized company. Below is a little excrept from their blog:

This growth has accelerated the shift from generalist to specialist. To name a few, we've added front-end developers to craft clean and cross-browser CSS and Javascript. The Design team creates mock-ups, UI components and does usability testing. Technical writers handle the documentation. We now have more development managers who don't code. We have a QA team. Performance engineering has created baseline tests for load and stress. Programme management serves as air traffic control around complex dependencies of product integration. We also ramped up other departments: Product managers consolidate product requirements; as the Support Diva describes, support engineers have become skilled at solving problems that once passed through to developers.


Sometime when you make the transition from a startup a company can loose the things that make it special. Atlassian talks about what it is doing to prevent that:


Although we sometimes refused to admit it, we had crossed the line to become a medium-sized software organisation. Soon we had seven products, and we were integrating them into a new product, JIRA Studio. We desperately needed to take the plunge. Yet the transition was full of risks. Early on, I created a "don't change" list of the good stuff we didn't want to break, around innovation, open communication and practices found in the values. Also since software developers are a sceptical bunch, each new specialist would need to win over a tough crowd.


Source: Atlassian Blog

Thursday, April 23, 2009

Secondmarket - An alternative to the IPO

A lot of our clients are startups companies where the founders and investors maybe facing liquidity issue as the IPO market has shut down. In this environment, it may make sense for investors to sell some stake in a private market but none has existed till date. One exists now!


The market for initial public offerings has dried up and companies are not being very acquisitive these days. In the first three months of 2009, only 56 companies were sold, half the number of a year ago, and none went public.

What if they had another option? SecondMarket, which operates markets for trading illiquid assets online, is creating a marketplace for trading shares of private companies. It puts investors together with shareholders and collects a fee, which will be 2 percent from each side for the private company market.


http://www.nytimes.com/2009/04/23/technology/start-ups/23vc.html?ref=technology

Friday, February 20, 2009

How to Start a company

T.A. McCann from Gist whose product I am currently testing has a post on his blog (which I discovered via the Gist Newsfeed) on doing a startup. This is a compelling presentation as he has a background as an entrepreneur and VC. I would not change anything about this presentation except possibly recommending that all startups look at A-1 Technology for their software development services :).

T.A. McCann - 0-25mph for startups